“Today’s announcement is further proof of the renaissance we are seeing in wood construction in Canada and around the world,” said Nighbor. “This project will not only support efforts to address affordable housing needs in Toronto, but it will also realize important environmental benefits – wood is a renewable resource, it stores carbon, and building with it leaves a lower carbon footprint. It is also great news for the economy with jobs for engineers, architects, tradespeople, and advanced manufacturers. We could not be more excited to see such a forward-thinking project taking root in the heart of Toronto.”